HK/China Equities Attempt to Build Base on Stimulus Hopes; Hang Seng, CSI 300 Price Setups

China/Hong Kong equities appear to be in the early stages of base building amid hopes of further stimulus. What is the outlook and what are the levels to watch in the Hang Seng Index and the CSI 300 Index?

from DailyFX – Market News https://bit.ly/3QhgVir
via IFTTT

Australian Dollar Whipsaws After RBA Pause Again on Hiking Cycle. Lower AUD/USD?

The Australian Dollar eventually ran lower after the RBA decided to keep the cash rate unchanged at 4.10%. The softer than forecast quarterly CPI appears to have been the catalyst. Where to for AUD/USD?

from DailyFX – Market News https://bit.ly/3YhSZ0d
via IFTTT

British Pound Toppish Ahead of BOE: GBP/USD, GBP/AUD, GBP/NZD Price Setups

The chances of a smaller interest rate hike at the Bank of England’s (BOE) meeting on Thursday are growing as UK price pressures appear to be finally moderating from elevated levels. What is the outlook for GBP/USD, GBP/AUD, and GBP/NZD?

from DailyFX – Market News https://bit.ly/43OYNj1
via IFTTT

Wall Street Drifts Higher Overnight, RBA Meeting in Focus: Russell 2000, Hang Seng Index, Brent Crude

Wall Street drifts higher overnight, as sentiments remain largely on its cautiously optimistic state ahead of more big tech earnings releases and the US job report this week.

from DailyFX – Market News https://bit.ly/3rP6hoS
via IFTTT

Crude Oil Punches Higher as OPEC+ Cuts Bite and Economic Outlook Brightens

Crude oil prices had a stellar month in July as underlying the dynamics of potentially less supply and more demand come to fruition. The structure of the WTI might also be supportive.

from DailyFX – Market News https://bit.ly/3DAbIus
via IFTTT